James Turk – Mega Cup And Handle Formation Has Silver Price Set To Explode Highe

Today James Turk told King World News that the mega cup and handle formation has silver price set to explode higher.

A Turn May Finally Be At HandJames Turk: “I’d like to begin, Eric, by noting that based on their Comex closing price in New York, spot gold and silver last week rose by a spectacular $29.10 and 49.6 cents, for gains of 2.2% and 2.9% respectively. Jumps of this magnitude over such a short period of time are rare, so these results from last week are important events that deserve our attention…

Importantly, this strong bounce from the lows suggests that a bottom has been made in both precious metals, and that as a consequence the short-term trend is again turning higher.

There are a number of related events that provide additional evidence that we have seen a short-term bottom.